Application for small and medium-sized enterprise loans to counter new corona measures Five times the initial estimate April 4 11:04

A loan program for small and medium-sized enterprises affected by the spread of the new coronavirus in the Tokyo metropolitan area has received an application of approximately ¥ 120 billion, nearly five times the initial estimate.

Tokyo has a loan system to support SMEs in Tokyo, but since last month, we have been accepting applications for financing for SMEs affected by the spread of the new coronavirus infection.

According to the capital, we anticipated financing of about 24.8 billion yen for the 2019 fiscal year, but by the end of last month, there was an application of about 120 billion yen, nearly five times the expected amount.

For this reason, the capital raised the loan facility to 120 billion yen, and then organized an additional 25 billion yen last year's supplementary budget so as to be able to respond to the loan, and decided on a `` special decision '' without going through the congressional decision .

Governor Koike says, "We will continue to work firmly as a safety net to protect the SMEs' cash flow."